Liquidator account in amalgamation

as the transferree co point of view (Purchasing Co):

Vendor company has taken decision to windingup. once winding up decision is taken by vendor company, king of the company is liquidator. so what ever the trasactions which is done by the company is in the name of liquidator only. here Purchasing company dealing with Liquidator of Vendor company. not with Vendor comapny. 

if it is a sole proprietory concern we can deal with vendor only.

as the transferor co point of view (Vendor Co):

in this case company dealing with company (continuing company). In this case consideration receivable from Purchasing company only. there is no question of Liquidator. i.e. liquidator of purchasing company is meaning less point.

my dear deep kumar,

Vendor company is going to close. thats why liquidator has to deal all the transactions on behalf of vendor company.

But purchasing company not under winding company. it will continue in future.

So Liquidator of vendor company deals with Purchasing company

where as Purchasing company deals with liquidator of vendor company.

Is it clear.

Dear sir,

sorry i for late reply...

sir my only question is when puchase consideration falls due in the books of purchasing company we pass following entry:

Business purchase a/c Dr.

to Liquidator of selling co. A/c

and in the books of selling company we pass

Purchasing company a/c Dr

to Realisation A/c

now if i apply simple logic with one small example , if X has purchased goods from Y then in the books of X and Y respectively following entries will come

Purchase A/c Dr

To Y's A/c

and

X's A/c Dr

to Sales A/c

cnt we apply same rule..?